Today the ECB announces to keep rates on hold at 0.00%, meanwhile, the President of the European Central Bank acknowledged that within the ECB council, members do not commonly agree with each other. This piece of information is as important as the rate decision, in some ways, it is actually more important than the rate decision.
The rate decision is the accumulative opinions of the central bank council members, it can only imply the central bank sees one status to happen with a higher probability than the others. However, what exactly the particular probability is is unknown. Seeing the economic future based on the rate decision is very risky, as, for example, the economy has a probability of 50.1% to grow, and a probability of 49.9% to decline, the central bank may still reduce the rates or at least stay the rates, this action can be similar to what the central bank may do when the economy has a probability of 60% to grow, despite the two situations are actually different.
However, if we can know the results of voting of the central bank council members, we can have a rough idea of how likely the economy is going to expand or contract by seeing the ratio of the council members voting for and against. Therefore, the voting result combines much more information about the experts' expectations about the future macroeconomic performance rather than the plain rate decision.
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